High financial costs and the potential impact on current reforms are some of the points the Senate should consider as it deliberates on whether to support moves to amend the Constitution, according to six of the country’s business groups.
Key leaders and members of the House of Representatives have offered several modes of implementing the government-approved phaseout of the decades old iconic public utility jeepneys, whose drivers and operators have threatened a nationwide transport strike this week.
The weeklong transport strike starting on Monday will push through despite concessions from the government extending the deadline for modernization until the end of the year.
The ways and means committee of the House of Representatives approved yesterday the draft substitute bill for the value-added tax refund for outbound tourists, a proposal that President Marcos had approved in principle.
President Marcos called on the public yesterday to pay the right amount of taxes on time as he ordered revenue officials to work to achieve people’s confidence in the tax system.